Business
Garfield: Potential for Tier 1 Copper Deposit
Garfield: Potential for Tier 1 Copper Deposit.
About this update from Guardian Metal Resources Plc
[{"type":"text","content":"\n\n04 December 2023\nGolden Metal Resources plc\n('Golden Metal' or the 'Company')\nGarfield Project: Potential for Tier 1 Copper Deposit\nPorphyry & Skarn-Type System Discovery Confirmed with Extensive High-Grade Copper, Silver & Gold Mineralisation; Several Overlimit Analyses Underway\nGolden Metal Resources plc (LON:GMET OTCQB:GMTLF), a strategic mineral exploration and development company focused on Nevada, USA, is pleased to announce extensive high-grade copper, silver and gold mineralisation from laboratory assay testing undertaken following the recently completed ground exploration at the Company's 100% owned Garfield project located within the prolific Walker Lane Mineral Belt in Nevada, USA (\"Garfield\" or the \"Project\").\nHIGHLIGHTS\n§ Golden Metal previously announced the potential for both porphyry and skarn-type deposits at Garfield's 'High-Grade Zone' as detailed in the market announcement released on 27 September 2023 which may be viewed through the following link:\n \nhttps://www.londonstockexchange.com/news-article/GMET/garfield-project-update/16141093\n \n§ As a result, Golden Metal launched an immediate follow up ground exploration programme and the findings from this work are considered by the Company to be very promising with mineralisation styles and lithologies confirming that Garfield hosts significant large-scale skarn and porphyry type copper, silver and gold mineralisation. \n \n§ The mineralisation now confirmed through the rock sample laboratory assay results extends over a large footprint which indicates the potential for Garfield to host a material copper deposit including:\n \n- High-Grade Zone: >1% copper results returned over an area of approximately 1500 x 500m (open in multiple directions); and\n \n- across the entire Project: >1% copper results returned over an area of approximately 3000 x 1500m (open in multiple directions).\n \n§ A total of 32 rock samples were taken from within the Garfield Project with laboratory assay testing confirming:\n \n- 6 samples returning overlimit copper (Cu) (>10,000ppm or 1%) and 14 samples returning >3,000ppm Cu (0.3%);\n \n- 2 samples returning overlimit gold (Au) (>1g/t) with six samples retu...